Gold Hit All-Time Record High as Central Banks Bought 800 Tons in 2023 | Trailer | Facts Matter
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While most Americans were focusing on rising inflation, the wars in Israel and Ukraine, and all of the lawsuits filed against President Trump, one issue seems to have flown under the radar: the fact that both China and Russia have been stockpiling massive amounts of physical gold.
Moreover, it’s not just Russia and China—looking across the entire world, it seems like most central banks are in the process of increasing their stockpiles of gold.
In fact, according to an Oct. 31 update by the World Gold Council, global central banks collectively bought an “astonishing” 800 tons of gold in the first three quarters of 2023. This is a 14 percent increase in gold buying compared with the same period last year.
However, it’s not just nation states: ordinary citizens are also in the process of loading up on gold, evidenced by the fact that (in a recent earnings call) Costco executives revealed that they’ve sold $100 million worth of gold in the last quarter alone.
Let’s discuss what this means for the common investor.
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Gold Hit All-Time Record High as Central Banks Bought 800 Tons in 2023 | Trailer | Facts Matter
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